Description

Global Water Soluble Fertilizers Market 2016-2020 Description

Water-soluble fertilizers are applied to the crops during irrigation. The major advantage of using them is that farmers can regulate the concentrations of the nutrients according to the needs of a particular crop. Farmers often choose a fertilizer concentration and apply it at every watering. This process is generally known as fertigation or continuous liquid feeding (CLF).

Technavio’s analysts forecast the global water-soluble fertilizers market to grow at a CAGR of 5.25% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global water-soluble market fertilizers for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of water-soluble fertilizer.

The market is divided into the following segments based on geography:

APAC

Europe

North America

ROW

Technavio's report, Global Water-soluble Fertilizers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Agrium

Haifa

PotashCorp

Mosaic

Yara International

Other prominent vendors

Acron Group

Kemapco Arab Fertilizers & Chemicals

JSC Belaruskali

CF Industries Holdings

EuroChem

ICL

IFFCO

Intrepid Potash

K+S AG

Migao Corporation

Monsanto

Office Chérifien des Phosphates (OCP)

Sinochem Group

Sinofert Holdings

Sapec Group

United Chemical Company

Vale

Market driver

Mounting demand for food owing to continuously growing population

For a full, detailed list, view our report

Market challenge

Logistics concerns for water-soluble fertilizers

For a full, detailed list, view our report

Market trend

Rise in agricultural sustainability and increase in organic farming practices

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

Commenting on the report, an analyst from Technavio’s team said: “The global agriculture industry has witnessed substantial changes in terms of improvements in farming techniques, crop protection, drip irrigation, and soil management. Growing use of pesticides, fertilizers, GM technology, and other advanced techniques help in enhancing the crop yields. Nevertheless, these agrochemicals have been noted to have a negative impact on the environment and human health. In addition, soil biology is impacted owing to the overuse of crop protection chemicals by declining the potential productivity.”

According to the report, the rise in urbanization, population growth, industrialization, and energy demand, has augmented the conversion of cropland to other industrial and domestic uses. In 1950, the available arable land was more than the global population. In 1990, the population increased more than the availability of arable land, and ever since it has been increasing at a rapid pace. China lost more than 14.9 million hectares of arable land from 1979 to 1995. According to the Food and Agriculture Organization (FAO) of the United Nations (UN), developing economies including India and China require an additional 120 million hectares of land to fulfil the food needs of their consumers by 2030. Arable lands are also being wasted owing to deforestation and unsuitable agricultural practices, which is leading to the loss of production yield. Sustainable development and the use of agrochemicals, including fertilizers and pesticides is likely to decrease the crop productivity and land wastage.

Further, the report states that organic farming is considered to be non-hazardous to the ecosystem because it does not involve any kind of synthetic inputs like synthetic fertilizers, pesticides, additives, and genetically modified (GM) seeds. These synthetic inputs are replaced with site-specific management practices that are used to maintain and increase the soil fertility and prevent the crop from infestation by pests and other diseases.